Folks Finance Lending

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Folks Finance Lending is published as a versioned release inside the Folks Finance protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Folks Finance Lending is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Apr 12, 2022
   Listed on DeFiLlama

Folks Finance Lending is a Lending protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed on Algorand. The codebase has been independently audited (3 reports on file).

Folks Finance Lending is a single-chain protocol, deployed exclusively on Algorand — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Algorand, Algorand-borrowed, borrowed), so a fault on any one of them would affect a large slice of users. Price discovery relies on 3 oracle providers (Internal, Pyth, Chainlink), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. 3 public audit reports are linked from DeFiLlama, which is on the higher end of transparency for the DeFi sector — most protocols of comparable TVL publish far fewer.

Verified external resources for Folks Finance Lending — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Folks Finance Lending is one of 7 Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Aave V3, Morpho V1, JustLend, and 3 more. These peer protocols collectively secure $43.4B in deposits, giving you a frame of reference for whether Folks Finance Lending's own TVL is at the top, middle, or tail of the category.

Aave V3

TVL $26.2B · 24h +0.16%

Morpho V1

TVL $7B · 24h +0.57%

JustLend

TVL $3.4B · 24h +1.86%

Maple

TVL $2.4B · 24h -1.17%

SparkLend

TVL $2.2B · 24h +3.62%

Kamino Lend

TVL $2.1B · 24h -0.02%